Empirical study on the underpricing phenomenon of initial public offerings in Singapore & its association with earnings forecast error & CPF contribution rates.

This study examined the empirical evidence of IPO underpricing in Singapore and its relationship with prestigious underwriter, high quality auditors, owner retentionratio, market sentiment, types of market, combination ofprestigious underwriter and high quality auditors, and Year 1999; and the variables, Year 2000 and 2001